sacco

Banks urged to change lending packages to serve SMEs

The government is negotiating with banking institutions to streamline their lending packages to accommodate small and medium enterprises, which are thought to be the pillar to the country’s future economy. Cooperatives Cabinet Secretary Simon Chelugui said the government was consulting with banks to restructure and be more attractive to the small and medium enterprises. Chelugui…

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SACCO

Offer financial assistance to coffee farmers, banks urged

Dr Philip Munyao, a doctor in Matungulu constituency, has asked banks and micro -finance  institutions  to come up with schemes to motivate coffee growers in the region.  Dr Munyao asked the financial institutions to train farmers on investment opportunities, saying that if there were regular forum organized by the finance institutions, the interactions would enlighten…

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SACCO

Study emphasizes role of financial service providers in boosting SMEs growth

A study by the Financial Access Initiative (FAI) has shed light on the role of entrepreneurs and financial service providers in providing SMEs with customized credit facilities to enable them improve their services. Titled Kenya Small Firms Diaries Study, the study revealed that 51 per cent of the adult population in Kisumu county own small…

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Governors resolve to organize SMEs into Cooperatives for better growth

County governments have resolved to aggregate Small and Medium Enterprises (SMEs) into viable cooperative societies in a bid to grow the country’s economy through the bottom-up model. This decision was agreed upon during the meeting held recently at a Mombasa hotel to discuss collaboration by county and national governments in strengthening the Cooperative sector as…

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